Reference no: EM132600332
Question 1: Find from following each situation whether it is Taxable supply or GST Free supply or Input taxed supply? Explain your answer with relevant section number and also how much GST, if any, is included in the following situation.
a. The sale of $11,550 cooking books by a XYZ newsagent
b. Life insurance policy $95,000.
c. The provision of a medical consultation by a doctor and charged $77.00
d. Day care service $44,440.
e. The purchase of $22,200 shares in a company listed on the ASX by an investor
f. The $4.5 sale of a holiday home
g. The export of $33,500 raw materials by a mining company